Covering Tons Of Money

September 24, 1997|The Morning Call

To the Editor:

Not long ago, when Aetna Life and Casualty acquired US Healthcare, the merger netted one man, Len Abramson, a billion (not a million) dollars. The Federal Reserve tells us that $1 million weighs one ton. This means that man acquired 1,000 tons of money, enough to fill five large railroad boxcars. If he had to count it, at the rate of $1 per second, it would take him more than 31 years.

Costs like this certainly must be reflected in the company's rates, and, therefore, are acquired by the subscribers.